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Market News
- Thread starter weatherweenie
- Start date
Silverbird
Well-known member
I think it's a matter of anything is better than everything stuck on hold. The Musak is getting aggravating.
weatherweenie
Well-known member
TODAY it's a troubled-asset purchase plan. They'll find a name for this that will sell; one way or another.
Eh... ww; it's a rescue plan now.
budnipper1
Active member
"Financial Services Chairman Barney Frank, the feisty Democrat who has been leading negotiations with Paulson, reacted angrily, saying Republicans had waited until the last moment to present their proposal."
Yeah, and as long as people such as BARNEY FRANK are drawing up the plan, they will never reach any reasonable solution. All he knows how to do is point his "dainty" little finger and blame somebody else for his failures. That "guy" (or, whatever he is) makes me sick!
Braveheart
Member
Re: Bail Out - Sen McCain
The “Bail Out” bill isn’t a bipartisan effort – it’s a ploy to play politics once again by the Democratic camp. CNN should be absolutely ashamed of themselves for the “crap” they putting in front of the citizens of America. CNN - it’s time to take the boxing gloves off and assist our government leaders and refrain from the “trickle down” news that you so adeptly throw across the airways.
I just listen to Wolf Blitzer and was ashamed that he allowed politics to make headlines once again – this isn’t the “Wolf” that I’ve known for years. He of all people knows propaganda when he hears it and knows how to ask the right questions to get the “real truth.” Hey, Wolf get back to old fashioned journalism and give Americans the “real scoop.”
Everyone knows that John McCain isn’t sitting at the “White House” twiddling his thumbs – nope, he’s once again confronting those who are so eager to spend tax payers monies. What Americans are experiencing now is one of the worst political farces of all times! Obama doesn’t have a clue how to correct the problem and the sad thing is his political rhetoric has reached many of our young people.
Youngsters, you need to quit surfing the channels for your answers – do your homework, check out Mr. Obamas many “No shows” in congress and listen to the real words he’s saying. In other words, read between the lines.
His leadership abilities at this time is close to “nil” and as always Mr. Obama is trying to straddle the fence so he just might become our next president. His theory is big talk, little action, don’t you realize that yesterday he was trying to play one up and was indecisive about going to Washington to take care of our huge economic problem. We don’t need an eloquent programmed speaker – we need a leader!
Even Democrats are going to tire of his changes because they don’t make any senses when it comes to the welfare of our country. Obama is planning on slam dunking investors which include entrepreneurs, small businesses and that will create a catapulting effect on all of America. Obama needs to go back to school and learn what real leadership means – bottom line is no one can lead if they don’t have their ducks in order! Need I say more?
The meddlers (special interest groups), lobbyists and many members of our government need to take a long time out, like for 15 or 20 years or find a new country! It’s so stupid to hear that it was the Republicans that got us into this mess – that’s where homework is in order, because it’s a wives tale.
Here’s the “real truth” we’ve been contributing big time to our current economic problem; we’ve allowed our country to become materialistic and self driven while morals and our Nations once strong foundation just headed south. So, America needs to get off the soap box and quit blaming Republicans, Democrats or their next door neighbor – individually we must accept responsibility for our greed and lack of discipline.
When you sit down tonight and start listening to the news media - quit gobbling up their biased, edited and trickle down information - find out the “truth.” The truth hurts sometimes, but it’s the first step to recovery.
It only takes a few bad apples and here’s a news flash – Wall Street, our gov and much of the news media have a tub full of crooks and shysters. So before you vote on Nov 4th, become informed, do your homework and pick a real leader that will place our country first and refuses to blend in with the "elite crowd."
The humor to the meetings today is this – we have a “maverick” that is irritating both Republicans and Democrats because he won’t just lie down or go away. He wants to know how his fellow Americans will recover their tax increases for this bail out – and he wants to be sure bail out is the right way to go in our all ready weakened economy.
So what’s the news media do? They make fun of a man who really places his country first and a man who is tired of seeing our country damaged due to selfish interests of others. It appears that their jobs must be at stake, because basically they are a good group of people if they weren’t under the control of bad management.
http://blogsforjohnmccain.com/category/tags/bail-out
The “Bail Out” bill isn’t a bipartisan effort – it’s a ploy to play politics once again by the Democratic camp. CNN should be absolutely ashamed of themselves for the “crap” they putting in front of the citizens of America. CNN - it’s time to take the boxing gloves off and assist our government leaders and refrain from the “trickle down” news that you so adeptly throw across the airways.
I just listen to Wolf Blitzer and was ashamed that he allowed politics to make headlines once again – this isn’t the “Wolf” that I’ve known for years. He of all people knows propaganda when he hears it and knows how to ask the right questions to get the “real truth.” Hey, Wolf get back to old fashioned journalism and give Americans the “real scoop.”
Everyone knows that John McCain isn’t sitting at the “White House” twiddling his thumbs – nope, he’s once again confronting those who are so eager to spend tax payers monies. What Americans are experiencing now is one of the worst political farces of all times! Obama doesn’t have a clue how to correct the problem and the sad thing is his political rhetoric has reached many of our young people.
Youngsters, you need to quit surfing the channels for your answers – do your homework, check out Mr. Obamas many “No shows” in congress and listen to the real words he’s saying. In other words, read between the lines.
His leadership abilities at this time is close to “nil” and as always Mr. Obama is trying to straddle the fence so he just might become our next president. His theory is big talk, little action, don’t you realize that yesterday he was trying to play one up and was indecisive about going to Washington to take care of our huge economic problem. We don’t need an eloquent programmed speaker – we need a leader!
Even Democrats are going to tire of his changes because they don’t make any senses when it comes to the welfare of our country. Obama is planning on slam dunking investors which include entrepreneurs, small businesses and that will create a catapulting effect on all of America. Obama needs to go back to school and learn what real leadership means – bottom line is no one can lead if they don’t have their ducks in order! Need I say more?
The meddlers (special interest groups), lobbyists and many members of our government need to take a long time out, like for 15 or 20 years or find a new country! It’s so stupid to hear that it was the Republicans that got us into this mess – that’s where homework is in order, because it’s a wives tale.
Here’s the “real truth” we’ve been contributing big time to our current economic problem; we’ve allowed our country to become materialistic and self driven while morals and our Nations once strong foundation just headed south. So, America needs to get off the soap box and quit blaming Republicans, Democrats or their next door neighbor – individually we must accept responsibility for our greed and lack of discipline.
When you sit down tonight and start listening to the news media - quit gobbling up their biased, edited and trickle down information - find out the “truth.” The truth hurts sometimes, but it’s the first step to recovery.
It only takes a few bad apples and here’s a news flash – Wall Street, our gov and much of the news media have a tub full of crooks and shysters. So before you vote on Nov 4th, become informed, do your homework and pick a real leader that will place our country first and refuses to blend in with the "elite crowd."
The humor to the meetings today is this – we have a “maverick” that is irritating both Republicans and Democrats because he won’t just lie down or go away. He wants to know how his fellow Americans will recover their tax increases for this bail out – and he wants to be sure bail out is the right way to go in our all ready weakened economy.
So what’s the news media do? They make fun of a man who really places his country first and a man who is tired of seeing our country damaged due to selfish interests of others. It appears that their jobs must be at stake, because basically they are a good group of people if they weren’t under the control of bad management.
http://blogsforjohnmccain.com/category/tags/bail-out
Last edited:
weatherweenie
Well-known member
08:31 am : S&P futures vs fair value: -22.30. Nasdaq futures vs fair value: -53.30. The stock market remains on track for a downward open. Research In Motion (RIMM) missed the consensus second quarter earnings estimate by a penny, bringing in $0.86 per share. Meanwhile, Accenture (ACN) topped the consensus estimate for its fourth fiscal quarter by a penny, earning $0.67 per share. Accenture also hiked its annual dividend to $0.50 per share, up from $0.42 per share the year before. McDonald's (MCD) increased its quarterly dividend by 33% to $0.50 per share.
weatherweenie
Well-known member
09:02 am : S&P futures vs fair value: -23.30. Nasdaq futures vs fair value: -62.30. The major stock indices are facing losses at the open as futures continue to trail fair value. Reported earlier, the finalized reading on second quarter GDP indicated the economy expanded at 2.8%, which is below the 3.3% increase previously indicated. The personal consumption reading indicated a 1.2% advance, down from the prior reading of 1.7%. Real final sales of deomestic product, which excludes the change in inventories, increased 4.4%. The GDP Price Index was up 1.1%, which is softer than the 1.2% increase reported before. Core PCE was up 10 basis points to 2.2%.
James48843
Well-known member
My prediciton for today:
Today will become known to future market historical buffs as "Black Friday", after the Congress failed to come to agreement on a bill- House Republicans rejecting the Bush proposal on the bailout.... WaMu bank goes under, The market reacts by opening sharply downward, and by noon, being unable to recover, trading is suspended after a 1,000 point fall in the Dow.
Well, maybe, and maybe not.
It's 9:29 a.m.- Where do you think today will lead? One Vice Presidential Candidate yesterday invokved "The Great Depression" as a likely outcome.
Hmm.....
Wall Street Bankers looking for work next week?
Today will become known to future market historical buffs as "Black Friday", after the Congress failed to come to agreement on a bill- House Republicans rejecting the Bush proposal on the bailout.... WaMu bank goes under, The market reacts by opening sharply downward, and by noon, being unable to recover, trading is suspended after a 1,000 point fall in the Dow.
Well, maybe, and maybe not.
It's 9:29 a.m.- Where do you think today will lead? One Vice Presidential Candidate yesterday invokved "The Great Depression" as a likely outcome.
Hmm.....
Wall Street Bankers looking for work next week?
James48843
Well-known member
Take a listen to this:
http://www.americanrhetoric.com/speeches/fdrfirstinaugural.html
FDR's first Inaugural address.
On that page is both the video, and a streaming audio, of the first FDR speech as President.
This is the "We have nothing to fear, except fear itself" speech, made at a time when unemployment was 25%, the banks had been failing for several years, Wall Street had collapsed, and it was going to take the power of the U.S. Government to turn the economy around.
A great speech, and worth listening to this morning, as those in Congress debate how to get us out of this mess.
http://www.americanrhetoric.com/speeches/fdrfirstinaugural.html
FDR's first Inaugural address.
On that page is both the video, and a streaming audio, of the first FDR speech as President.
This is the "We have nothing to fear, except fear itself" speech, made at a time when unemployment was 25%, the banks had been failing for several years, Wall Street had collapsed, and it was going to take the power of the U.S. Government to turn the economy around.
A great speech, and worth listening to this morning, as those in Congress debate how to get us out of this mess.
James48843
Well-known member
Braveheart wrote:
Let me see- it's Bush's Treasury Secretary who asked for it.
It's Bush who is pushing it now.
The Senate Dems, the President, and the Senate Reps all agree something needs to get done, and there is just one group who seems to be insisting on derailing it...
House Republicans.
Hmm...
And can you please cite how that is Dems playing politics?
Then you go on to write:
Ah yes, I will do that Braveheart. I will "become informed, and do my homework".
By the way- I've been "becoming informed and doing homework" since before you were born. I worked on the Nixon Campaign in '68, and '72. For which, by the way- I hereby apoligize out there.
Today- There is a candidate - a great leader--who will put our country first, before the special interests crowd.
And it isn't Johhnyboy.
But this conversation should perhaps be moved over to the Lounge.
Let me see- it's Bush's Treasury Secretary who asked for it.
It's Bush who is pushing it now.
The Senate Dems, the President, and the Senate Reps all agree something needs to get done, and there is just one group who seems to be insisting on derailing it...
House Republicans.
Hmm...
And can you please cite how that is Dems playing politics?
Then you go on to write:
Ah yes, I will do that Braveheart. I will "become informed, and do my homework".
By the way- I've been "becoming informed and doing homework" since before you were born. I worked on the Nixon Campaign in '68, and '72. For which, by the way- I hereby apoligize out there.
Today- There is a candidate - a great leader--who will put our country first, before the special interests crowd.
And it isn't Johhnyboy.
But this conversation should perhaps be moved over to the Lounge.
Mike
Active member
According to Jubak, passage of a bailout plan will probably trigger an explosive ~3 month rally - at which point we start to figure out what the actual impact of the bailout is. If it fails to restart the flow of capital for borrowing, we'll sink right back down.
And to you political types, I will say the following: I cannot support either candidate. Neither one of them has shown any desire to want to put the clamps on federal spending. A perpetual rise in the federal debt is not a good thing, but nobody seems to care. This year alone, we're looking at a trillion dollars in bailouts. A trillion! Doesn't anyone wonder what this is going to do to the long term financial health of this country? To interest rates?
And to you political types, I will say the following: I cannot support either candidate. Neither one of them has shown any desire to want to put the clamps on federal spending. A perpetual rise in the federal debt is not a good thing, but nobody seems to care. This year alone, we're looking at a trillion dollars in bailouts. A trillion! Doesn't anyone wonder what this is going to do to the long term financial health of this country? To interest rates?
Show-me
Well-known member
I could see this happening and falling directly in line with the historical patterns for election year rallies and a failure after a new party administration following a two term administration.
Braveheart
Member
Today is GREEN Friday !!!!
http://blogsforjohnmccain.com/category/tags/bail-out -----The next time you state "Braveheart wrote" check the post #1027 below. That is a link so to be "Fair & Balanced those were not my words and since you worked on the Nixon Campaign you should know better and read everything including the link. That was information not some MSNBC cheerleader. There will be a debate tonight and yes "Johnnyboy" will be there I will make that prediction but I already had the facts so that was easy.
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weatherweenie
Well-known member
[BRIEFING.COM] S&P futures vs fair value: -15.40. Nasdaq futures vs fair value: -24.50. Futures point to a sharply lower, with selling interest driven by some disappointment over the details of the recently reached agreement between Congress and the White House on the $700 bailout deal and news that several European financial firms were bailed out. The House is expected to vote on the bailout plan today. Shares of Wachovia (WB) are tumbling 55% in premarket trading on reports that the bank is in talks with several firms to sell itself, according to reports. In overseas news, three European governments bailed out Belgium bank Fortis, the U.K. nationalized mortgage lender Bradford & Bingley and Germany's Hype Real Estate Holding was rescued by a consortium, according to The Wall Street Journal.
weatherweenie
Well-known member
[BRIEFING.COM] S&P futures vs fair value: -19.20. Nasdaq futures vs fair value: -28.00. Futures continue to suggest a sharply lower open. Citigroup (C) is acquiring Wachovia's (WB) banking operation in a deal facilitated by the FDIC. The FDIC entered a loss sharing arrangement, where Citi will absorb up to $42 billion of losses on a $312 billion pool of loans, with the FDIC absorbing losses beyond the $42 billion. Wachovia will continue to own AG Edwards and Evergreen. WB is down 89% in premarket trading. In economic news, personal income rose 0.5% (consensus +0.2%) in August and spending was flat (consensus +0.2%). PCE, an inflation measure, was unchanged month-over-month. Excluding energy and food prices, PCE rose 0.2% (consensu +0.2%).
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